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Carlsbad Sale is San Diego’s Second-Largest Industrial Deal of 2025

Barchart·12/09/2025 15:36:14
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Cushman & Wakefield arranged the sale of Raceway Industrial, a 228,548-square-foot Class A logistics facility located at 3125 Lionshead Ave. in Carlsbad. The final sale price was $72,886,000.

Aric Starck and Drew Dodds of Cushman & Wakefield represented the institutional seller, while Brant Aberg and Bryce Aberg, also of Cushman & Wakefield, represented the private capital buyer.

“The sale of 3125 Lionshead marked the second largest industrial transaction in San Diego County in 2025, as one of the largest freestanding industrial sites in the county,” said Starck. “The property was 100% leased to UPS, an investment-grade Fortune 500 tenant, on a long-term basis. This secure tenancy provides consistent income growth and stability, supported by UPS’s strong credit profile and long-standing track record as a global logistics leader.”

Newly constructed in 2024, Raceway Industrial includes 4,369 square feet of first-story office and a 4,000-square-foot mezzanine office.

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